H-power’s (HPOW) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of H-power (LON:HPOW) in a research note published on Monday,Digital Look reports. The brokerage currently has a GBX 25 price objective on the stock.

H-power Stock Down 0.6%

LON:HPOW opened at GBX 6.96 on Monday. The stock has a fifty day moving average price of GBX 9.17. H-power has a 1 year low of GBX 6.49 and a 1 year high of GBX 17.20. The stock has a market capitalization of £79.16 million and a P/E ratio of -4.02.

Insider Buying and Selling at H-power

In other news, insider John Wilson acquired 236,438 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The stock was bought at an average price of GBX 8 per share, with a total value of £18,915.04. Insiders own 4.64% of the company’s stock.

About H-power

H-Power plc (AIM: HPOW) (formerly AFC Energy plc) is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers’ needs with scalable, reliable supplies of low carbon hydrogen and power. H-Power is enabling customers to decarbonise at a price that is commercially viable. We are focused on the successful commercial rollout of our core product suite and on creating significant shareholder value by converting our growing opportunity pipeline into contracted orders and delivering sustained revenue growth.